Business, Accounting and Financial Studies (BAFS)

The aims of the BAFS curriculum are:

• to provide students with fundamental business knowledge and skills, and develop their positive values and attitudes, so that they can fulfil their roles competently and confidently as consumers, investors, employees and/or entrepreneurs; 

• to develop students’ generic skills in research, analysis, leadership, team-building, communication, critical thinking, creativity, and problem-solving and transfer them to different domains; and 

• to explore different aspects of business to prepare students for life, for learning and for employment.

F.3 Business Fundamentals

Part I: Introduction to Accounting

• Explain the meaning of assets, capital and liabilities, and their relationships

• Identify assets, capital and liabilities

• Demonstrate how business transactions affect the accounting equation

• Explain the meaning of double-entry bookkeeping

• Apply the principles of double entry to the recording of business transactions

Part II: Introduction to Management

• Understand the companies’ visions, missions and values

• Explain the functions and importance of human resources management, financial management, operations management, marketing management and information management 

• Explain the importance of customers to a business

• Identify the factors that affect customer needs

• Explain the approaches for identifying customer needs

• Understand different pricing strategies for a product

• Write a business proposal for mini trade fair

The senior curriculum comprises a compulsory and an elective part to strike a balance between breadth and depth in different business areas.

F.4 Accounting Module (New Syllabus)

Introduction to Business Environment

• Hong Kong’s Business Environment

• Forms of Business Ownership

• Business Ethics and Social Responsibilities

Basics of Management

• Management Functions

• Key Business Functions 

• Small and Medium Enterprises 

Basics of Personal Financial Management

• Time Value of Money 

• Consumer Credit

• Personal Financial Planning and Investment

• Stock Trading as an Investment

Financial Accounting

• Purposes and Role of Accounting an Double-Entry System

• Books of Original Entry and Types of Ledgers

• Trial Balance and Financial Statements

• Period-end Adjustments Relating to the Preparation of Financial Statements (I) & (II)

F.5 Accounting Module (Old Syllabus)

• Books of Original Entry and Ledgers (I) & (II)

• Accruals and Prepayments

• Bad Debts and Allowance for Doubtful Accounts

• Depreciation of Non-current Assets

• Inventory Valuation

• The Bank Reconciliation Statement

• Correction of Errors (I) & (II)

• Financial Statements for Partnerships

• Partnership 

• Issue of Shares and Debentures

• Financial Statements for Limited Companies

• Financial Analysis

• Incomplete Records

• Generally Accepted Accounting Principles

F.6 Accounting Module (Old Syllabus)

• Cost Classification, Concepts and Terminology

• Absorption Costing and Marginal Costing

• Cost-Volume-Profit Analysis

• Cost Accounting for Decision-making

TWY & HHL

• JA Company Programme

• HKFWS Financial Management Competition

• Hong Kong Financial Literacy Championship

Hong Kong Institute of Accredited Accounting Technicians

http://www.hkiaat.org/index.php/qualification/ATE/15/

Mandatory Provident Fund Schemes Authority

http://www.mpfa.org.hk/tch/main/index.jsp

Securities and Futures Commission

https://www.sfc.hk/en/

CEPA

http://www.tid.gov.hk/

Hong Kong Institute of Certified Public Accountants

https://www.hkicpa.org.hk/en/